M/S. RAGHUNATH GREEN POWER (P) LTD.,CHENNAI vs. ACIT, CHENNAI
In the result, both the appeals filed by the assessee are allowed for statistical purposes
ITA 3086/CHNY/2019[2005-06]Status: DisposedITAT Chennai11 Mar 2021AY 2005-06
Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos. 3084 & 3086/Chny/2019 िनधा"रण वष"/Assessment Year: 2005-06 M/S. Raghunath Green Power Pvt. Ltd., The Assistant Commissioner Of No. 16, Cenotaph Road, Teynampet, Vs. Income Tax, Company Circle V(3), Chennai 600 018. Chennai. [Pan:Aadcr1513K] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri G. Baskar, Advocate ""थ" की ओर से/Respondent By : Shri G. Chandrababu, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 27.01.2021 घोषणा की तारीख /Date Of Pronouncement : 11.03.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: Both The Appeals Filed By The Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 3, Chennai, Dated 18.09.2019 Relevant To The Assessment Year 2014-15 Passed Against The Assessment Order Under Section 143(3) R.W. Section 147 Of The Income Tax Act, 1961 [“Act” In Short] As Well As Against The Rectification Order Passed Under Section 154 Of The Act.
For Appellant: Shri G. Baskar, AdvocateFor Respondent: Shri G. Chandrababu, Addl. CIT
Section 143(3)Section 147Section 154Section 50C
154 of the Act dated 03.03.2015, the Assessing Officer rectified the order passed under section 143(3) r.w.s. 147
of the Act dated 22.12.2011 for substituting the cost of acquisition of the lands with a different figure and recomputed the capital gains at ₹.1,70,18,097/- as against the figure determined at ₹.60,02,099/-, which was confirmed
